Description
Estate planning is primarily about planning for the transfer of assets. This is a key issue for affluent clients, as they have significant assets they desire to preserve. In addition, they are concerned about protecting their families after they die. A failure to adequately plan for death can result in possible unnecessary hardship for surviving family members.
Learning Objectives
Therefore, the objective of this course is to equip advisors with the knowledge and skills necessary to help guide affluent clients toward establishing an estate plan that will provide protection for themselves and their family, control who will receive assets and when they receive them, and minimize the impact of estate and gift transfer taxes.
Key topics include:
– Types and key roles of trusts in estate planning
– Providing control over distribution of assets
– Intestacy and the importance of avoiding it
– Helping clients achieve the control benefits of wills and trusts
– Selecting an appropriate trustee or executor
– The Applicable Credit/Exclusion Amount
– Unified transfer tax rates
– Annual gift tax
– Minimizing the impact of gift and estate taxation
– Marital and charitable deduction
– Strategies for minimizing transfer taxes